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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 13, 1999
SEALED AIR CORPORATION
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(Exact Name of Registrant as Specified in its Charter)
Delaware 1-12139 65-0654331
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(State or Other (Commission File Number) (IRS Employer
Jurisdiction of Incorporation) Identification No.)
Park 80 East
Saddle Brook, New Jersey 07663-5291
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(Address of Principal Executive Offices) (Zip Code)
(201) 791-7600
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(Registrant's telephone number, including area code)
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(Former Name or Former Address, if Changed Since Last Report)
ITEM 5. OTHER EVENTS.
May 13, 1999
Contact: Mary A. Coventry
J. Ryan Flanagan
SEALED AIR CORPORATION PRICES
$300 MILLION OFFERING OF SENIOR NOTES DUE 2009
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SADDLE BROOK, N.J., Thursday, May 13, 1999 - Sealed Air Corporation
(NYSE-SEE) announced today a $300 million offering of senior notes due 2009
pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as
amended. The notes, with a coupon of 6.95% per annum, are being sold to
investors at a price of 99.278% of the principal amount. The Company stated that
it intends to use the net proceeds of the offering to repay a portion of its
outstanding indebtedness.
These notes will not be registered under the Securities Act or applicable
state securities laws and may not be offered or sold absent registration under
the Securities Act and applicable state securities laws or available exemptions
from such registration requirements. Accordingly, the notes will be offered and
sold privately only in accordance with Rule 144A under the Securities Act and
outside of the United States in accordance with Regulation S under the
Securities Act.
Sealed Air is engaged primarily in the manufacture and sale of a
complementary line of food, specialty and protective and specialty
packaging materials and systems.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
SEALED AIR CORPORATION
By: /s/ H. Katherine White
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Name: H. Katherine White
Dated: May 14, 1999 Title: General Counsel and Secretary